Cassius Mining Raises AU$1.5 Million in Placement

Cassius Mining Limited (ASX: CMD) has successfully secured firm commitments from professional investors to raise AU$1,500,000 through a placement. The funds will be used for various purposes, including exploration activities in Madagascar and Tanzania, progressing the litigation claim in Ghana, and addressing working capital needs. The placement involves the issuance of 88,235,294 new fully paid ordinary shares at a price of AU$0.01 per share.

Additionally, the company's directors plan to purchase new shares worth up to AU$100,000, contingent upon obtaining shareholder approval during the upcoming General Meeting. This funding will support Cassius Mining Limited in its exploration and operational activities across multiple regions.

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